Persistent Systems USD Revenue Grows 3.9% Q-o-Q; Annual Revenue Grows 28.9%, PAT Grows 32.9 %; IP Revenue Grows 20.4 % in USD, FY14 Dividend INR 12 per Share - Seite 2

The Board of Directors at its meeting concluded on April 19, 2014, recommended a final dividend of INR 4 per share for FY 2013-14. The payment of final dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting. Company had paid an interim dividend of INR 8 per share during FY 2013-14. Total dividend for the year would be INR 12 per share (Payout Ratio of 22.53 %) upon approval of the shareholders for the payment of final dividend. The previous year's dividend was INR 9 per share.

Addition to the Board:
The Board of Directors appointed Mr. Mritunjay Singh, Chief Operating Officer as an Executive Director of the Company.

CSR Contribution:
The Board of Directors approved INR 48 Million towards its Annual contribution to Corporate Social Responsibility (CSR) which will be paid out in FY 2014-15.

Key Quarter Highlights:

• Announced creation of its Silicon Valley-based Accelerite, a business unit which will take a portfolio of Persistent's products and related solutions to market.
• Acquired CloudSquads, a company specialized in Social Community Platform offerings.
• Invested in Hyginex, a hand hygiene technology startup based in California through Persistent Venture Fund.
• Selected to be Analytics Partner for Satyamev Jayate season 2, the most impactful show on Indian Television.
• Received two World CSR Awards for following the 'Best Corporate Social Responsibility Practices'; the 'Dream Employer of the Year' and 'Fun at Work' Awards at World HRD Congress; and Global HR Excellence Award for being 'Organization with Innovative HR Practices.'

Key Annual Highlights:

• Unveiled Persistent Venture Fund to support innovations in SMAC technologies.
• Opened First US Collaborative Software Development Center in Dublin, Ohio. This Centre is supporting innovative regional businesses.
• Ranked 'Top Service Provider in Enterprise Software Segment' by Zinnov.
• Received the 2013 Cloud Computing Excellence Award from TMC, the global, integrated media company.
• Attained ISO 13485:2003 Certification for Medical Device Software.
• Received the Silver Shield from Institute of Chartered Accountants of India for Excellence in Financial Reporting' for fiscal year 2013.

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